Hi guys, as we all know university is an expensive investment -but the loans don't actually help everyone! For those who are means tested they will get the full amount of the loans no problem, for the wealthy families they can pay for their child to go university no problem - but what about the people in the middle? Those on middle-income are hit hardest with the student loans setup, they don't get any grants and get a loan which is around £3,000 short of the maximum loan. Being middle-income means my parents won't be able to afford to give me £3,000 a year, and as the loan figure is based on parental income- I disagree! When I am 18 I am an adult! I am independent! Why are they looking at parental income!? If I don't live with my parents or if I have a bad relationship with them and have no hope of receiving money (if miraculously they could afford it) then why would they still assess the amount I can get from a loan by looking at parental income when that is irrelevant!
Now my question to you is, how do undergraduates pay for everything when all you have is a £5,000 maintenance loan if your lucky!? The average cost of living is in excess of £10,000 so how do you earn £5,000 a year WHILE studying?
Also if anyone lives in London please tell me how you do it. £300 p/w rent multiplied by 40 weeks is £12,000! And that is only for rent! What about food and other essentials!
Sorry I may have ranted but any help is appreciated. Any more questions are welcomed.